Commercial Real Estate Desirability

For those who are looking for an excellent way to generate outside income, the commercial real estate industry is a great way to go. Many people have begun to invest in commercial real estate, and since this type of real estate is continually being purchased and sold, it has become an excellent way to invest money for a guaranteed return. Before one becomes involved in the commercial real estate market, it is highly important that they understand the commercial real estate industry and its many surrounding components.

A Basic Definition of Commercial Real Estate
First and foremost, it is imperative that one understands a basic definition of commercial real estate. Essentially, commercial real estate includes various real estate properties that have the potential to be able to generate outside revenue or even income for the owner. Whether the property has immediate potential for generating income or revenue immediately, or perhaps in the future, it can still be labeled as commercial real estate.

A Desirable Investment
Commercial real estate is an excellent choice for investors for a variety of different reasons. One of the main reasons that investors find commercial real estate to be such a pleasing investment is that is brings about both long term and short term financial benefits. In the short term, commercial real estate can help you bring in a better cash flow from the use of the property, and at the same time, in the long run the property will only appreciate in value, which will result in long term benefits should you choose to sell. Most investors also find that there is a lot less risk involved with commercial real estate than there is when dealing with other types of real estate. If you purchase apartment buildings or a strip mall, the risk of your investment will spread out among those who are renting from you, and even if you lose one of your renters, you still will be making money and seeing a return from your investment.

Commercial Real Estate Properties
Another positive benefit of commercial real estate is that the scope of properties that you can invest in is quite large. Commercial real estate includes various different properties that make excellent investments. As long as the building consists of more than four units, it can be considered a commercial real estate property. Commercial real estate also includes other properties such as strip malls, apartment buildings, RV parks, industrial parks, mobile home parks, and commercial centers.

Jobs within the Commercial Real Estate Industry
There are a variety of different jobs that are included within the commercial real estate industry, and all of them benefit from this excellent market. The investors have a very important job within the industry, since it is their money that is being used to make the property develop and become prosperous. Builders too have an important job, and many times they work within the commercial real estate industry to build new structures on commercial property such as apartment buildings or shopping malls. The lenders have a very important job, and they work to make sure that investors get the loans and mortgages they may need to be able to purchase commercial real estate properties. Also within the industry are the brokers who represent the owners and deal with the sales and property transfer issues. Last of all, but certainly not least, are the users who actually put the money in the investor’s pocket.

Financing Commercial Real Estate
Those who are planning on being involved in commercial real estate need to consider how they can finance any commercial real estate purchases. While few people can actually just purchase the property with money they already have, most people are going to be turning to other methods of financing the property. More than likely you are going to need to go to a lender to be able to finance any commercial real estate that you want to purchase, but there are a few things that you can do to make the process smother.

First of all, you will want to make sure that you have a business plan. You need to be able to show the lender why you want the property and how you plan on making it a successful investment. It is also important that you have at least a portion of the money needed for the property saved up so you can show that this is a serious venture and you are ready to make a personal investment in its success. Also helpful is a current appraisal of the property you are considering. This will help show the value of the property to the prospective lender. Having an attorney to help you and to check out legal issues will also be important, and in the end you should always compare several lending offers before making a final decision.

Getting Started
For those who are interested in commercial real estate and the financial benefits that can be enjoyed, there are many ways to get a start in the business. One of the keys to getting started is to glean all the information about the business that you can, whether from reading books, searching the internet, or speaking with friends and business colleagues that may have experience in commercial real estate investing. Checking into the area you live in and getting a look at what kind of commercial real estate is available and what the prices are running can help you begin to get a closer look at the costs and the availability of commercial real estate in your area. Attending zoning and city planning meetings may also give you insights and ideas for getting started as well. Lastly, one of the best things you can do is to start building a network of friends and business acquaintances that already have their foot in the door of the commercial market. Learning from their successes and mistakes can help you on your way to becoming a successful commercial real estate investor.

About the Author:

Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.

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How to Make it in Commercial Real Estate

Quite often, when people begin to invest in commercial real estate, they begin small. They may acquire a single family dwelling, a duplex or maybe even a small apartment building. In order to keep continue the commercial real estate investment game; you have to keep moving property. While buying and selling like kind property has the potential to bring you profitable gains and tax free exchanges under the IRS 1031 real property exchange tax laws, at some point you will want to expand. In fact, if you do not grow, you will eventually find that your bank can no longer help you either because you have maxed out your single family mortgages or your investment portfolio has extended beyond their lending parameters. Congratulations, you have just outgrown your residential lending company. It is now time to move on over to the commercial property side of your bank.

Strategies and Practices

Sun Tzu, author of “The Art of War,” said, By taking into account the unfavorable factors, he may avoid possible disasters.” When considering commercial investment, you must consider anything that could possibly go wrong. This simple proactive measure can save you considerable amounts of money in the long run. Ethical standards and sound business practices should be upheld not only to prevent legal action being brought against you and your company, but to increase your legitimacy in the industry and community. When you engage in adhering to ethical standards on all counts, you will be respected and you will be trusted. This reputation can prove invaluable when you decide to purchase more property, particularly in an area where you have already firmly established yourself as an ethical business person.

You should also have a “do what you say and say what you mean” mentality. In other words, don’t say things that you don’t mean and if you say something, mean it. Follow though on your promises and commitments. Establish yourself as reliable, dependable and trustworthy. While this is crucial in any business practice, it is exceptionally vital in the real estate investment business because a large part of your business, sales and acquisitions, relies on networking. Your standing in your industry and your business can go a long way in facilitating your investment practices - and your success.

Sales Strategies

Your sales strategies are crucial to the success of your investments. You should know your market inside and out, watch the rises and falls of values and take note of what drives a property’s value up and what can drag it down. You should also be extremely knowledgeable in the area in which you are investing. In other words, know the ins and outs of commercial real estate investing. If you invest in apartment buildings, know everything there is to know about the properties, how to improve them, maintain them and move them.

Additionally, you should take time to know the community where you are investing in the property. Is the property near a university? It is in an economically depressed area? Is it in an area that is experiencing growth? What is the forecast for property values over the next few years? Is the property located near something that could potentially drive down its value? Drive it up? Do your homework and know the area inside and out. This will also help you if you decide to invest in additional property in the same area. Win win situations are always a good deal, of course. If everyone can come out ahead, all the better.

Watch the market for various trends and stay on top of them. The real estate market is constantly changing so when you notice a trend, move fast. Finally, know how to market your deal. If you do not know what you are doing you will most likely make bad investment decisions and you are very likely to lose money. It all goes back to knowing your investment area and knowing what you are doing.

The Business Side of It

Managing the business side of it all is extremely important to making money. Not knowing what you are doing on the business end of the equation. Some areas of business management that you should pay close attention to are:

* Organization - Organization is vital to running your business in an efficient manner. You must be organized or you will lose valuable time and money because phone calls will not be returned, appointments will be arrived at late and credibility will be lost. The last thing that you want is to be labeled the “absent minded professor.”

* Time Management - If you can not manage your time you will likely be unable to manage anything else. Set aside a certain time or times during the day for various things such as email, returning calls, pursuing contacts and tending to the business portion of your company. Set a schedule and do not stray from it.

* Financing and Budget - Set a budget and stick to it. You need to maintain your budget and stay on top of your financing. This is one area where super organization is vital. This is what drives your business and if you lose money you business will suffer.

* Team Development - Create strong, effective teams and constantly work to develop them. This will be your support system when you are in the throes of an investment venture.

Making the Deal

This is the nuts and bolts of the commercial property investment process. Select your properties, seek out great deals and develop property that turns a buck. You should identify your investment strategy and seek out properties that fit specific criteria that you develop. You can find properties by appointing others to locate the properties for you, use local press and marketing principles to find hot spots and even employ the assistance of a broker. With some know how and a lot of work, you can be successful in commercial real estate investing.

Investing in commercial real property relies in a variety of factors in order for it to be a success. Ethical practices, sales strategies, sound business practices and knowing how to make the deal all work to create an investment sales and acquisition success story.

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Untold Facts About The Commercial Real Estate Loans

Looking for buying a property? Getting short of money? Avail commercial bridging loans that look after all your financial shortage while you go for buying real estate.

Commercial real estate loans come handy if you want to buy a property of any of your purposes like for business use, agricultural use, development of resorts, recreational center, motels, shopping centers etc.
Commercial real estate loans bridge in the necessary finance needed by you to own a property or real estate.

The loan amount generally approved as commercial real estate loans depends upon the borrower?s repayment ability, income status, credit history etc. Commercial real estate loans are generally secured by collateral. The borrower is required to keep in his assets against the loan amount. Since the borrower keeps his assets as collaterals the interest rates charged on the loan amount is low.
The usual repayment tenure for commercial real estate loans is large and the borrower can repay back in easy monthly installments. However the exact interest rate may vary according to the lenders policies. However the loan amount borrowered should be properly calculated so that the borrower does not borrow an amount that he has difficult in repaying.

Commercial real estate loans can be availed online. The borrower just needs to fill in a simple online application form and apply for different quotes. Many private as well as governmental institutions provide commercial real estate loans. Online one has a range of choices for commercial real estate loans. The borrower needs to do some research to find out the best suited deal out of the lot. Many real estate agents are available in the market which can help you get what you desire for that to on most reasonable rates.

Now you do not need to worry about any financial problem involving real estate. Commercial real estate loans helps in overcoming all your financial difficulties by providing the necessary finance you may require.

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Sarasota Commercial Real Estate 2006

Sarasota is located on the Gulf Coast of Florida, which has a growing commercial real estate market. Retirees and tourists from different parts of the country as well as from other areas around the globe are lured to get a glimpse and hopefully acquire a place they could keep for the rest of their lives. Sarasota has been generally known for its picturesque views, an increasing number of businesses and investors are getting interested with the commercial lots and properties the place has to offer. Sarasota commercial real estate market offers retail properties, office properties, investment properties as well as hotel and resort properties. For just less than five years, the Sarasota commercial real estate market in Sarasota has flourished. Living in Sarasota is not only just living in a beautiful place but also living in a highly dynamic economy that presents a wealth of financial opportunities for commercial investment. Research studies have been conducted to assess whether or not business operators do prefer the view or the economy that comes with a particular locality. It was consistently observed in these studies that investors have no special preference on one over the other?they generally do want to have a piece of both. For each commercial real estate property that is being presented by means of photographs of Sarasota, detailed information about the property, maps as well as a summative profile of the business site have also been considered as important factors.

The employment rate in Sarasota commercial real estates has also seen a boost within the past few years. Professional marketing consultants poured in Sarasota from other areas all over the country so that they could hone their experiences in commercial real estate property operations, accounting, project management and finance. These marketing consultants have inkling of a brighter future ahead of them in a place like Sarasota at present.

With a rapid influx of real estate investors, Sarasota commercial real estate market can be considered to be exceptionally active. Real estate developers have devised varied types of strategies in order to promote the alluring rapid pace of life in Sarasota for each and every client. It is indeed a very well-known fact that real estate marketing today does not only employ advertisements through the media but also utilizes the Internet as its primary gateway of information for both buyers of who are looking for commercial real estate properties to purchase.

Other commercial real estates outside of Sarasota have tried to entice investors by offering as low as 70 to 80% of the prices prevailing in Sarasota. Nevertheless, these attempts could not match the better quality and reputable standing of Sarasota commercial real estate. On the contrary, investors have actually increased their shares by 100% as well as their investments in Sarasota commercial real estate. This phenomenon took place in a matter of a few years.

For those who are planning to invest in real estate, spending your money for a Sarasota commercial real estate property guarantees substantial returns. The Sarasota commercial real estate market ascertains in providing outstanding customer service. Moreover, it imparts reliability, accuracy and timeliness on the appraisal of all the commercial property in Sarasota, and offers tried and tested approaches when it comes to tax administration.

Sarasota commercial real estate market is indeed an oasis for business endeavors. It has been proven that Sarasota commercial properties have been boosting up profits in the past years. Future projections foresee that this trend will go on for several years to come.

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Commercial Real Estate Refinancing: Eliminate Bad Credit Cheaply & Get A Better Financing Rate

So you had a financial crisis happened to you, well believe it or not most people have. But it is up to you if you want to continue living life in a hole!

Bad things happen to good people. You have bad credit? well that is the past so get over it! You need to make a change now. Don?t look at what happened to you and have it go over and over in your head. Break that broken record. That will only cause more stress then you can handle and additional headaches.

You need to take action now and move forward in your life with a new attitude and eliminate bad credit scores.

Check your Credit Report

Your first step is to pull your credit report to see what the damage is. There are three credit bureaus that collect data on you: TransUnion, Equifax and Experian.

You need to receive a report from each of the three agencies to see what they are saying about you. A lot of times, they have incorrect info on you, but it is your responsibility to tell them.

Each bureau is required to provide you with one free credit report per year if you request. Here is a link to receive a copy of the FREE Credit Report from each of the credit agencies:

https://www.annualcreditreport.com

These Free credit reports only provide the details of the credit report, which is really all you need to make corrections. They do charge small fees if you want to get your score.

Is Good Info Missing??

Each agency can have different information of each of the credit reports. So check each one carefully. If you have, one lender which you are paying timely but is not listed on the credit report, write the lender and tell them to report it to the agency which it is not showing on their report. If the lender won?t do this, write to the credit bureau with proof of statements and cancelled checks and the credit agency should post it to the credit report.

Re-aging

If you have an account which you were current for the last 12 months, write to the lender and ask them to re-age your account. This way all the old late payments (over 12 months old) will be out of the calculation and improve your score.

Stay on Top of Things

Make sure you continue to check with each bureau to make sure everything is accurate at least once a year.

When you write to each credit agency, they will provide dispute id # to you and you can continue to dispute items until everything is accurate and they will send the detail credit report to you to check what they have updated for free.

Don?t use more than 50% of available credit on each credit card. Anything over that can reduce your score.

Be Patient

It takes awhile to do this but it will be worth it!

Thanks for reading and learning

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Using The Internet to Find Profit-Ripe Commercial Real Estate Properties to Acquire

One of the things most commercial real estate investors and industry professionals are unaware of is how powerful the Internet is when trying to acquire profitable commercial real estate properties.

Effectively searching the Internet for viable commercial properties is an essential skill taught to professional Commercial Real Estate Property Scouts. (What’s a Property Scout? It’s one the Internet’s legitimate work at home jobs and professions. They are people who help investors acquire profitable properties that meet a specific profile.)

Many people don’t know this, but the Internet gives investors and professional Property Scouts access to literally millions of properties that are for sale in the United States and abroad.

The key is knowing specifically how to mine this information so that you are not looking for “a needle in a haystack”–rather, the search process becomes much more like “picking the low hanging” fruit.

So how does one find these properties using the Internet?

While some properties are promoted using dedicated webpages, most can be found in huge databases located on various websites. It’s knowing how to effectively tap into this treasure trove of commercial property data that yields the highest quality properties you’re after.

For instance, let’s say you are searching for a property to invest in.

Some professionals and investors (and even people who work other legitimate work at home jobs using the Internet) that understand these databases on a surface level know that you can search by state or city or for specific square footage.

That’s pretty obvious.

But unless you know the general demographic area intimately, there’s no way of knowing whether you have a hot, viable, promising property that ripe for profit-taking or not.

So you need a different way to look at the data you are being presented. But more importantly, you need to know your criteria for purchase AND how that criteria itself manifests itself in the listings.

For example,

Let’s says you are looking for a property ripe with profits. One of the tell-tale giveaways is the word “divorce”–it screams “Motivated Seller!”

By searching these databases and entering precise keywords like “divorce,” you stand a much stronger chance of finding the properties you want–ones that have immediate profit and equity potential. And that’s just one keyword out of literally dozens to find these profit-promising properties.

Since it is one of the Internet’s truly legitimate work at home jobs and professionals, Property Scouts are thoroughly trained is this extremely valuable skill.

It’s at the core of their training.

It’s not hard, but it does take some time and some practice to master. But it is one can give you the keys to the commercial real estate success bank vault.

About the Author

Tony Seruga, Yolanda Seruga, and Yolanda Bishop of Maverick Real Estate Investments, Inc. have announced a new division within their corporation. This division is revolutionary in the Commercial Real Estate industry. The opportunity is open for anyone who wants to work at home as a Property Scout. Personal training and guidance is provided to enable anyone to work from home in commercial real estate. Visit http://www.PropertyScoutCash.com

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Commercial Real Estate Newsletters

Commercial real estate newsletters are an excellent way to keep in touch with clients or people who share a similar interest. In today’s world of the Internet, commercial real estate business houses are converting their newsletters into electronic format, more popularly known as e-newsletters.

A commercial real estate newsletter can supply a huge mass of information to your readers, which is not available through the mainstream press. Before producing a commercial real estate newsletter, you have to decide on the format of the newsletter, how to write articles, matters related to printing and distribution and the like. There are many desktop publishing packages available that can assist you in developing or creating commercial real estate newsletters.

Firstly, you have to consider and answer the question, what is the purpose of the newsletter? A commercial real state newsletter cannot be made appealing to the readers without well-written content. Besides, the layout and appearance also contribute to the popularity of the newsletter.

Content writing, proof reading and editing are important steps because if the content is unreadable or grammatically incorrect, then it will be a major turn-off for your readers.

Commercial real estate newsletters provide information on topics including buying and selling of commercial space, commercial real estate mortgages, and credit. These newsletters could appeal to lenders, realtors, companies etc. Such newsletters generally contain quick-reading articles, which presents relevant information in a short, concise format that is appealing to customers with busy schedules.

Commercial real estate newsletters can also deal with topics related to issues that can affect your business, monthly listing of legislative advocacy on pertinent commercial issues, commercial real estate and investment headlines from newspapers or magazines, tips to build your commercial real estate business, etc. Current economic trends, local business news, recent commercial sales, vacancy statistics, new investment property listing highlights, or general business tips and information are all topics that could be included in commercial real estate newsletters.

Newsletters can be sent weekly, monthly or on a quarterly basis, but ensure that it is done regularly and consistently.

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Get a “Leg Up” On Planning Your Commercial Real Estate Investment Activities in 2007

The holidays are rapidly approaching and I?ve managed to do most of my Christmas cards and gifts on time this year! I still have a few to go, but for me most of the pre-holiday madness is over. It is now time to focus on a strategic plan for next year and I?m actually going to take a day out of ?regular? work to get it done.

I?m going to go week by week, all 52 of them, for 2007. On the plan will be my goals for the Year, the Quarters, the Months, and the Weeks. I?m taking a top-down approach that will ultimately drive my daily activities. And I will include plenty of vacation time! As I contemplate this process, I can see that I?m going to have to get very good at several things:

1. Delegating - You have to ?let go? to grow.

2. Following Up - While you do have to let go, you don?t ?assume? that what you give to others will be done the way you want it, when you want it. Accountability is a key to successful delegation.

3. Flexibility - No plan is perfect, nor does it survive the first play of the game (to mangle a football analogy). Plans need room to adjust to changing conditions, so setting aside ?update time? is critical to the process.

4. Measurement - As mentioned in #3, a plan is a living thing and needs to be reviewed constantly to see if you?re on track to meet your goals. A plan without measurement is only a dream.

I?ve never done this before in this manner, so I?m planning on using some visual aids. One of them will be one of those desktop calendars ? actually a couple of them. I?m going to use one to do the initial planning, so I can scribble, scratch out, take notes, and make changes. I?ll copy the final plan to the other one when I?m done marking up the first. I?m also going to use colored pens to clearly mark certain types of activities. When I?m done I?m going to post it on the wall, so everyone can see it. That way, we can literally be on the ?same? page. I think I?ll also use some kind of thermometer-type graphics or a series of bar charts to visually express key elements of the plan and the progress we make.

What about you? What will you do, besides enjoy a really excellent vacation with your family in some great ski area or warm tropical setting, to further your goals during the holiday down-time? This might be a good time to approach your commercial real estate investment program in the same manner.

? You can set up some categories of things to do, like ?Real Estate Education,? ?Property Analysis Tools,? ?Days Driving Neighborhoods,? ?Commercial Properties Owned,? ?Net Equity,? etc.

? Write down where you want to be in each category at the end of 2007.

? From there, break each category down by Quarter and work backwards to see where you?d have to be to reach that goal by Year?s end.

? Now do the same process by Month to see what you have to do to hit each Quarter?s goal.

? Break your Months into Weeks and repeat the process. I suggest setting aside time in your plan each month to review your progress and allow for adjustments in the plan.

? Now take a single Week and write down what you have to do each Day to hit a Week?s goal.

? These become your ?Important-High Priority? activities ? not to be confused with the Urgent ones that you think you have to do ahead of everything else.

? The Final Step is to set aside time during every day to spend time on these ?Important? activities. This is time when no one can find you, the cell phone goes off, the GPS is dropped in a drawer, and the Radar is silent. It doesn?t have to be a long time ? as little as 15 minutes, really. And it has to be done consistently.

This process is called ?Chunking Down.? If you do this, and really, really focus on setting aside that special time for your ?Important-High Priority? activities every day (OK ? we?ll allow you some flexibility!), you have to succeed. It?s a wonderfully simple process and if combined with easy to see visual references, it will catapult you to success in whatever you choose to accomplish. This applies to commercial real estate investing, as well as your personal life. Consistency and focus is an unbeatable combination. I?m looking forward to implementing this process in 2007 and I hope that you will, too!

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Darin Garman Swears Under Oath There Is No Problem In The Commercial Investment Real Estate Market

Last month I talked about how the ease of credit will make owning an investment property, especially an apartment property a little more challenging. Many of my best clients are asking “How to Succeed in Commercial Real Estate.” I should have probably done a better job of framing this article because, quite frankly many of our members started to panic.

I started to get phone calls, voicemails and emails with about 90% of them wondering if the bottom has fallen out of the real estate market and if they should be running away from commercial investment real estate (especially apartments) at the current time?

My answer is NO WAY!!

For some reason a few people took my article to mean that Armageddon is heading for apartments and investment real estate world. Well, that is not what I meant so lets get to the bottom of what I did mean.

First, there are always good deals to be found. No matter what the state of the market always keep in mind that there is always a good deal. If you know what you are doing you can make money in any market. Hot, cold, slow, fast, etc. It really does NOT matter. Now, are these deals going to come and knock on your door this evening and say,

?Hey, buy me, I am a great deal!!? You and I know that this does not happen (even though many people think that this will happen?you know the kind, no work plus a lot of work plus a few affirmations = success). Really good deals should not be easy to find. That is right, they should not be easy to locate. It gets back to the old saying of ?If it was that easy?.?

I Compare It To Needle In A Haystack

I do compare finding a great deal with finding a needle in a haystack. It is that difficult because of two things: 1) There just are not that many great deals on the market at all at any given time. It gets back to the old 80%?20% rule but in my opinion when it comes to investment real estate I think it is more of a 95%?5% rule.

Some of My Best Clients Still Need Reminding

Even some of my best clients need reminding of this. When some of them contact me they are disappointed that I do not have a great deal for them right there on the spot. Or, even if they have to wait a few weeks many start getting antsy. Let me give you a great real estate law to live by. Lets call this Garman?s Law: Here it is?..

All Great Real Estate Deals Happen Slow?. Not Fast.

The best real estate deals that I have ever been involved in were slow movers. Slow finding the property, slow due diligence, slow negotiation, etc. It was slow not fast. It is the fast deals that you need to be concerned about. These are the ones that can disappoint you.

So who?s left??

Here is the writing on the wall. If this is the case and our good and even substandard tenants are getting financing to buy their own place, who is left over to rent your property??

People serving time! (Just kidding). But close, people that are sooo bad that they could not get a loan. And, most of the time these are people that you do not want occupying your rental home, apartment or commercial property either.

So, what do you do? Do you run away from this, get out of the commercial investment business altogether?

Of course not. But, you better make sure

So What Does All Of This Have To Do With Ease Of Credit And The Effect Of IT on Us…The Commercial Real Estate Owners and Investors?.

Here is what it means :

1) Great deals will not be as easy to find.

2) Great deals will take longer to find.

3) You will need to be a very, very good manager to lock in profits. No more winging it.

4) You will have to do more due diligence.

5) Bottom line? You will have to ask more questions.

The Main Reason People Work With ME

Of course, the main reason people work with me is that I do all of this for them. Simple as that. However, even though this is the case and I do save people A LOT of time and hassle and they do get good properties from me?.They need to be asking more questions. The majority of people that I work with DO NOT ask enough questions.

So keep all of this in mind as you go through the investment part of your life. Especially in the commercial real estate world. Nothing worth it is easy. Nothing worth it comes to you overnight. You are building wealth not an erector set.

Always Remember 95%?5%

By the way, this applies to more things than just real estate but we will keep it here on our investment real estate planet for now. The best thing you can do is be hooked up to me, constantly aware of what is going on in the marketplace. Always informed. And when that great deal comes up you will know it and not even question it.

About Darin Garman, CCIM?Considered by many to be one of the foremost experts in North America on Apartment and Commercial Property Investments, Darin Garman assists investors in maximizing their wealth through commercial real estate investments.

Over the last 13 years Darin has assisted investors in the purchase and sale of over $300,000,000 in apartments and commercial real estate, and has direct ownership and management of over $11,000,000 in investment real estate himself.

Darin is a frequent guest on radio and TV talk shows, and has co-authored books such as ?Wealth Attraction For Entrepreneurs…The No Holds Barred Kick Butt Guide To Becoming Rich?, which was co-authored by Darin with business and marketing guru Dan Kennedy.

***** Have you taken advantage of the “FREE 2-Month Test Drive of Darin Garman’s Commercial Investment Property Owners Association Membership” ? Go To: *****

http://www.garmanupdate.com

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How Escrows and Title Insurance Protect Your Assets in a Commercial Real Estate Deal

Risk- the one word that is directly related to the commercial real estate industry. With the element of ?buyer beware,? the fact that the purchaser is completely responsible for the facts of a property before agreeing to a contract. There are so many opportunities for something to go wrong; you must rely on commercial real estate professionals and companies to look out for your best interest and the interest of your investments.

When entering into a contract, and closing a deal, your assets and future profits are at stake, especially if any of the information you and your team has gathered is erroneous. With the use of escrow companies, lawyers and title insurance, your dealings can go smoothly and the property can follow through with the original strategy that you attend for the property.

Escrows are simply an arrangement where a third party holds the necessary documents, funds, or other properties to be transferred between two parties. The third party does not transfer anything until they are instructed to do so by each party and they have the necessary documentation stating that each party is in agreement with terms and everything is set for escrow to be closed- or the properties transferred from one party to the other.

In a commercial real estate transaction, the third party can hold documents from the buyer, the seller, and funds from the commercial lender. When the parties are in agreement, the escrow agents simply make sure that all items are distributed properly and into the correct hands. This saves the buyer, seller or lender from having to worry that one of the parties will not transfer the funds or other documents. Every party is protected because the proper forms are in the hands of the escrow agents with no personal investment in the deal. Every party can count on receiving the properties that were previously agreed upon in the contract.

If there is no escrow, there is room for a dishonest buyer or seller to either not transfer the proper documents or funds and get away or have some excuse as to why he or she is not delivering what was promised on the previous contract. Or perhaps they could show an overlooked conditional clause that allows them to alter from the stated claim and agreement.

Escrows can be companies within themselves, lawyers or title companies. Some investor have companies or people that they work with all the time, and they insist on using those people or companies because they know they have no personal interest in the deals. There can be fraud that occurs where an escrow company or agent secretly has interest in the deal and can play the deal in the person?s favor- with the buyer or the seller, whomever they are working with.

Always be sure to check the references of the escrow company or agent before agreeing upon a third party. For those people who will only use their company, make sure the company is reputable before conducting business.

Title companies are companies that specialize in researching public records to determine the status of a title to a specific property. The purchaser must find out if there are any liens or encumbrances on the property before purchase so the matter can be resolved before purchase by the seller.

Entire reports can be made regarding title of real property transactions which is used to issue title insurance. A title report is pulled at the beginning of escrow so the buyer can see the full status of the title of the property. This first or preliminary report then becomes a final report when title insurance has been issued. Title insurance protects the buyer from wrong information. The title company does not guarantee or otherwise have a law that surrounds the fact that their information on the title report was not accurate.

Title insurance is not necessary. The parties may choose to forego the insurance (which it is customary for the seller to pay) and incur the risk of the transfer of the property. This is not recommended for those who do not know each other well or have full trust in all parties involved.

If you seek longevity in the commercial real estate industry, protect your interests and your assets by the use of professionals. It is imperative that you rely on these professionals to makes sure all your intentions and dealings come through exactly as planned.

You can make this as secure as possible with every deal so your profits are maximized and there are no surprises down the road.

Texas Real Estate

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Commercial Real Estate: Asking the Right Questions

There are many “insider” commercial real estate secrets. One of the most important secrets is knowing the right questions to ask when investigating a commercial property investment. While I’m not going to cover all of the potential questions in detail, I will make you aware of some of the key issues. I’m also going to suggest some places to go for assistance.

Investing in real estate is a complex process. Unfortunately, far too many people jump into this complicated marketplace without the knowledge, training, and tools needed to be successful. It doesn’t help that we have hundreds of self-styled “gurus” selling the latest no-money-down-get-rich-in-three-minutes programs to confuse and demoralize the un-initiated when things don’t work out “as advertised.” These first-time real estate investors are often disappointed in the results they achieve and as a result, often abandon real estate investment entirely without realizing just how lucrative it can be.

Asking the right questions can greatly increase your probability of success, as can learning as much as possible about the world of commercial real estate. This is not an overnight process. One of the best place to start is to learn about your local commercial real estate market. In fact, being aware of the status of your local market can literally be half of the battle.

For example, when purchasing land it’s important to understand that the price of particular parcel varies according to a number of factors. These can include the relative abundance or scarcity of similarly sized and located parcels, the population’s growth trends for the area, and the proximity to good employers. Raw land buyers need to ask plenty of questions about such factors as local zoning laws, land use restrictions, utility easements, traffic patterns, other planned development, the permit process, and other issues. The answers to these questions can have a profound impact on the purchase price of the land and its final, developed value. Where do you go? Your city planning or building department is a great place to start, as is the local utility company. Also check in with a title company or active escrow company for contacts at the city and knowledge in their specialties.

These aforementioned factors are also important when it comes to buying existing commercial real estate, including retail, office, warehouse, and mixed use properties. Knowing the restrictions on building and use of property is essential to successful real estate investment, so investors need to learn where, how, when, and of whom to ask these questions.

One of the next best places to turn to for the answers is a commercial real estate agent, called a “broker,” familiar with the area in which you have an interest. You can even ask the broker representing a specific property. But, when asking your questions of a broker representing a specific property keep in mind that he or she is working for the seller of that property, not you. A local bank loan office or independent mortgage broker are good sources to consult for alternative opinions.

Investing in commercial real estate isn’t too different from investigating a crime scene. You need to ask tough questions and find the evidence to back up the statements. It can sometimes be a tough process, but asking the right questions will only increase your chances for a profitable transaction.

About the Author

WANT TO USE THIS ARTICLE IN YOUR E-ZINE OR WEB SITE? You can, as long as you include this complete statement with it: ‘Craig Higdon, “The Investment Property Insider,” works as a commercial mortgage broker. He publishes the weekly “Investment Property Insider” e-zine and blog, www.InvestmentPropertyInsider.com. Visit the blog and get a complimentary report on commercial financing techniques.’

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Puerto Vallarta Commercial Property is Key to Puerto Vallarta Real Estate Boom

When you think of Puerto Vallarta real estate, you may think of the lovely homes and well-appointed vacation villas that have been housing residents and visitors for years. While these Puerto Vallarta vacation homes are an important part of the real estate scene, Puerto Vallarta commercial property is also an essential part of this beautiful destination.

From the shops that hold treasures for every visitor to the fine restaurants that offer some of Puerto Vallarta?s most delicious food, Puerto Vallarta real estate can be a solid investment for anyone who is serious about investing in the real estate market. When you make an investment in the Puerto Vallarta commercial property market, you?re making an investment that is likely to grow with time as the beaches and cultural attractions of this beautiful destination become more popular. While nothing is ever guaranteed in the Puerto Vallarta real estate market, purchasing commercial property in Puerto Vallarta may help you to grow your portfolio so that you are able to see a nice return on your initial investment. If you want to purchase an investment property in the Puerto Vallarta commercial property market, there are several things for you to consider before you make your investment decision.

One of the first things to consider is what you will be using the property for once it is purchased. Will you be using half of the property as a store and renting the other half? Do you want to rent out each area of the property to tenants so you can collect rental income? Knowing what you want to do with your Puerto Vallarta real estate investment will help you when you?re ready to look at properties and make a buying decision. You?ll also need to consider the size of the property you want to invest in before you can look at the number of commercial properties available. This means deciding what purpose the property will serve and then choosing a property size that will help you accomplish those goals. Once you have outlined your basic requirements, you can view many properties until you find the one that will best meet your needs. Remember to check each property carefully for structural soundness and review all of the points on your list of requirements. If you find several properties that don?t have what you need, this will help narrow your list so it is more manageable. Once you find the best property for you, all you need to do is complete the paperwork and any other requirements and you?ll be well on your way to becoming a Puerto Vallarta commercial property investor.

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Commercial Real Estate Loan Myth Debunked!

Setting The Record Straight

There is a metaphorical place in any business when the seeker of inside secrets reaches that signpost that says something like: ?Beewair ? Theyre bee Dragyns ahed.? Again, keep in mind I am being highly metaphorical, but I?ve been asked a number of times about a certain type of commercial real estate financing that makes me begin to suspect that someone is out there selling investment property ?treasure maps? for $5.00 each! And you know just how much treasure you will find following such a map. So as a professional commercial real estate loan broker, I am here to set the record straight:

NO LENDER offers a 100% Loan to Value commercial real estate loan.

And I define ?lender? to mean a source of capital that provides debt financing, secured by real property.

So for all of you seeking that 20% Seller Carry and the 80% purchase money loan on a property you think is worth three times the purchase price ? please, join us back here in reality. If pigs had wings, they would fly. So, if a lender was willing to allow you to purchase a property on those terms, why would they need you? They would make a whole lot more money doing the transaction themselves!

Here is the reality concerning commercial real estate from a lender?s perspective: Commercial real estate is considered an investment, not a basic need, such as a roof over your head. Because investment real estate is ?secondary? to a borrower?s personal residence, it is usually considered a higher risk loan.

Why?

If the fit hits the shan in a borrower?s personal life and money becomes tight, lender?s conventional wisdom says that the borrower will shift his resources to protect his personal residence ahead of his commercial investments. This may not seem immediately apparent when you look at the spread between home loan rates and Wall Street conduit rates (these commercial rates are actually lower than most residential ones). However, you need to check the terms to see the difference.

You can still by a primary residence with no money down and good credit. You can not purchase a commercial property without some form of equity investment. In most cases, the commercial lender wants to see a minimum of 15% equity in the deal, although you can find some that will allow 10% provided the property meets minimum debt service requirements. But good luck finding that situation in most good markets. Oh, and very few commercial loans go full term like residential loans (yes, I know that there are exceptions). Most are balloons at 10 years.

Yes, you can engage a mezzanine lender to fund almost all of the equity difference, but you are really going to pay for it either in points and rate or in some form of equity kicker ? which takes us away from my definition of lender. And mezzanine lenders don?t make loans on the property itself ? which is a whole other story.

Thus, it bears repeating: There are no 100% LTV commercial loan programs! Commercial real estate is for serious investors with equity to risk, a positive net worth, and an asset that a lender would feel comfortable encumbering. So the next time someone approaches you with a map to a pot of commercial real estate loan ?gold? ? save your money for a latte at Starbucks!

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How Do I Sell My Commercial Real Estate Note At A High Price?

If you’re looking for a quick source of cash, you might be saying to yourself: I want to sell my commercial real estate note. Well, that’s not a bad idea, given the fact that you can receive a lump sum of money without the headache of a loan. Nowadays, note sales can be executed very quickly, and you have more options today than ever before.

Regardless of whether you are looking to sell commercial real estate note, residential or any other type of cash flow paper, you need to find a reputable, experienced note buyer to ensure that a) you will get top dollar for your note and b) you are aware of all of your options. Although most sellers choose to sell the entire note, which yields the highest amount of money up front, it’s important to know that you can also sell just a portion of the note. This is known as a partial, and it allows you to get a sum of cash for “x” amount of payments. You then start receiving the monthly payments again afterwards.

So if you’re thinking: I want to sell my commercial real estate note, know that there are several ways you can go about it, and figure out which way works best for your particular situation. Whichever option you do choose, it always works out in your favor because money today is always worth more than money tomorrow. You might have heard this phrase before, but what does it mean for you when you sell commercial real estate note?

First of all, it means that the value of money decreases over time. For example, $50,000 today will buy you a very nice sports car. In 10 years, that same $50,000 will probably buy you a small entry-level coupe. So you can see that getting a lump sum of money is much more favorable than receiving small monthly payments for years and years, especially for those who need cash right now.

Another good reason to sell your commercial real estate note is it eliminates the uncertainty that comes with receiving monthly payments. Sure, the payments are coming in now, but what’s going to happen in 6 months, or a year, or 5 years? You just never know. Something could happen to the buyer that hampers his or her ability to make the payments. You might find yourself in a situation down the road where monthly payments are no longer a good option for you.

You might be asking yourself, I definitely want to sell my commercial real estate note, but how much can I get for it? That’s a good question of course, but there is no set answer. The amount you can expect to receive will depend on a number of criteria, including but not limited to: the balance remaining on the note, the time left, the property value, timeliness of payments received to date, financial stability of the payor, overall risk and other factors.

Keep in mind that the commercial real estate note buyer is assuming all of the risk that comes with purchasing your note, so it has to make sense for them financially. But even though you might sell commercial real estate note at a discount, the money that you receive in exchange is guaranteed, and you can’t put a price on that!

We hope that we’ve helped you answer the question: Should I sell my commercial real estate note? Feel free to visit our site for more information.

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Commercial Real Estate-Traditional Lending vs. Private Funding

Traditional bank and institutional lending has become outdated in some respects and does not always meet the needs of potential commercial customers. Private investor funding has filled many of the gaps while making investing easier and profitable for all parties involved. Although private funding is not actually lending by definition it is still a highly viable alternative.

The typical traditional bank loans take 3 to 6 months to close. The obvious constraint is if your deal needs to close before 3 months or if the seller is anxious to close in a fast time frame. Private funding typically takes 30-90 days to close and the right mix of information, opportunity and ?right-time-right-place? has seen private deals close in a manner of days!

Most commercial lenders have very specific guidelines on documentation of the source of income or proof of asset ownership. Obtaining these documents from the current owner(s) is a big challenge if not impossible. Tax returns and additional personal information are sought but few are willing to open up their finances to just anyone. Private investors tend not to look at past performance of the property but seek a good analysis of what the future potential is. Be prepared with a sound business plan!
Many borrowers can?t qualify for traditional commercial loans if they have existing high business expenses. Again, existing financials need to be examined by the bank to determine if prior performance indicates worthiness for the loan. This time it?s your financials under the microscope. This type of information is useful in proving yourself to private investors but not required.

Special business properties such as mobile home parks, restaurant /bars, cash businesses, new development construction projects, nursing homes, assisted living centers, etc. may be outside of the traditional lenders interest. The reasons differ but are often related to the perceived risk or lack of knowledge about the type of investment. Again, private investors are more interested in your plan and its soundness rather than the category of property.

Relative short balloon payments on special purpose business loans are fairly common with traditional loans, some due in as little a 3 years. If your business plan does not specifically show how returns on the profitability of the property will support the balloon payment the loan is often denied. Private funding may also have balloon payments but you can always seek a different structure that fits your needs and plan rather than trying to plug your plan into an institutions way of doing things.

Assumability of the loan is not often offered with commercial loans. If your plan for the property includes later selling it for a profit you need to consider how potential buyers will finance the purchase from you. If you cannot transfer the loan to a qualified buyer you will be at the mercy of them obtaining a loan from an institution and meeting all of their requirements. This is time consuming and costly for the borrower creating a delay in you moving on. Conversely, private funding can often be structured so that you may transfer your existing agreement to another without any of the constraints.

Banks and lending institutions often monitor their investments by requiring ongoing financial reporting requirements. Although they are not a partner in your venture they behave like they are. Until you break free from the loan this monitoring relationship will continue. Private funding investors may also require periodic financial reports but as long as the agreed terms of the funding are being met they may have little interest.

Some institutional lenders still require the borrower to live in the same state as the property. In today?s realm the reasons for this requirement are lost. Legal issues may be a bit easier to deal with because of the requirement but not enough to limit the borrowers to properties in their own state.

There are many more differences between traditional loans and private funding. The differences usually favor the non-traditional private funding world. You may pay slight more for private funding overall but if you can?t qualify for a traditional loan, or the timing will not work you should not even consider cost when comparing the two options.

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Commercial Real Estate Appraisal

Probably most of you are informed about the nature of commercial real estate appraisal, but the fact that some of us are ignorant of what the commercial real estate appraisal is all about, the need for thorough explanation about this matter must be given attention.

So for that reason, I would like to discuss some important considerations about the nature of commercial real estate appraisal. Just remember that this information is just some of the fundamentals for a successful commercial real estate appraisal.

According to many resources, the commercial real estate appraisal is just like some forms of home appraisals that most of the people need when buying or selling a home. For that alone, the commercial real estate appraisal is therefore an estimate of the value of the commercial real estate property. It is important to note that the commercial real estate appraisal is not just done by any person, but the commercial real estate appraisal is performed by a qualified and certified professional called an appraiser. Along with that fact, the commercial real estate appraisal is generally recognized with one of three approaches, which include a cost approach, a comparison approach, and an income approach.

With a cost approach of commercial real estate appraisal, the appraiser investigates what would be the cost for a replacement or improvement of the commercial real estate as of the date of the commercial real estate appraisal. In the sense of the second approach of commercial real estate appraisal which is the comparison approach, the appraiser in this sense of commercial real estate appraisal approach really make some comparisons with the value among other commercial real estate properties of the same size, quality, and location that has been currently sold. On the other, the use of the commercial real estate appraisal?s third approach, which is the income approach of commercial real estate appraisal, the appraiser then identifies the value of the commercial real estate property based on the estimate of what an investor would pay with respect to the net income that the commercial real estate property contributes. Nevertheless, the income approach of the commercial real estate appraisal is said to be only available for income producing commercial real estate properties.

Finally, the commercial real estate appraisal will be only made successful if the commercial real estate appraisal includes the estimate value, the effective date of the appraisal, the purpose of the appraisal, the identification of the commercial real estate property and its ownership. Aside from that, the commercial real estate appraisal must also include the condition of the neighborhood, factual data, qualifying conditions, analysis and interpretation of the data and the assumptions made the processing of the data by a single or more of the three approaches to commercial real estate appraisal to value and the certification and the signature. Such considerations must be given attention when doing a commercial real estate appraisal for the benefit of the parties involved in the commercial real estate appraisal.

About the Author:

Before going into the buying process you should first ask yourself if your are already ready for home buying. Find out more on the free website at: www.the-commercial-real-estate-business-website.com

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A Roadmap for Commercial Real Estate Syndication, Part 1

HOW TO DO YOUR OWN SYNDICATIONS, Part 1

One of the most important requirements for purchasing commercial property is having enough down payment money, called “equity,” to complete the transaction. A very popular method of raising these funds when you don’t have it yourself is by forming a group of people who pool enough capital to let you close the transaction. They get a portion of the income and appreciation for their funds, you get the rest for finding, analyzing, purchasing, and managing the property.

When you decide to take the step to form groups of investors through the process called “syndication,” you run into a situation where the law may require you take on a specific duty to fully inform your co-investors of all aspects of the property and the investment. Most people getting involved in group investments are usually under-informed or inexperienced with regard to the following group-investment concepts:

* The legal aspects of the co-ownership of real estate.

* Factors that affect the value of commercial real estate.

* The process and responsibilities involved in commercial property management.

* The fair compensation to the group manager or “syndicator,” who later becomes the property manager.

When you take on the role of syndicator, you actually create an “agency duty” to your co-investors. You have a higher responsibility to disclose all of the aspects that can affect a particular commercial property investment, both good and bad. So when you form a group for investment, it’s very helpful to have checklist for all of the things you need to do so that you meet your responsibilities to your partners. Part of that check list includes:

1. Researching the available commercial rental property in a particular neighborhood and choosing one to purchase.

2. Preparing a preliminary analysis of the investment. This would include its operating history, status of title, proximity to any environmental or natural hazards, the neighborhood, the local and national economies, and finally, the physical condition of the property.

3. Next, you have to get control of the property in your name with the ability to assign it to a successor entity through a purchase contract or option.

4. Once you gain control, escrow needs to be opened with your name as the purchaser, not that of the entity! You’ll assign your purchase rights to the entity before you close.

5. Then you complete an analysis of the income and expenses, and confirm the Seller’s disclosures regarding the condition of the property, including its improvements, location, title, and operations.

6. You’ll also apply for new debt financing (or assume the existing), depending upon what you indicated in the purchase contract. This obviously won’t apply if you’re buying your commercial building all cash!

7. At this point in the process, you will want to review your plans for forming and operating your ownership entity (most likely a Limited Liability Company) with experienced accounting and legal advisors. Getting this part correct at the outset will save you major of headaches in the future.

8. Now you get really busy. You’ll prepare the investment circular, subscription agreement, Articles of Organization and Operating Agreement for the LLC, pertinent exhibits, and addenda. The syndicator (you) is named as the Manager of the LLC in these documents.

9. You now can use the investment circular to solicit investors to fund your purchase, through the LLC.

10. Once you’ve chosen your investors (there will be a whole article devoted to this subject), you need to get their signatures on the Subscription Agreement and the Operating Agreement of the LLC. You’ll also want to deliver their funds to escrow for the close.

That takes you up to completing the purchase. As you can see, there’s quite a bit for a sydicator to do just to get the property purchased. We still have to detail the on-going operation of the property. I’ll complete your roadmap in the next article and then we can move on to the individual steps in greater detail.

About the Author

WANT TO USE THIS ARTICLE IN YOUR E-ZINE OR WEB SITE? You can, as long as you include this complete statement with it: ‘Craig Higdon, “The Investment Property Insider,” works as a commercial mortgage broker. He publishes the weekly “Investment Property Insider” e-zine and blog, www.InvestmentPropertyInsider.com. Visit the blog and get a complimentary report on commercial financing techniques.’

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Ways To Minimize Risks In Your Commercial Real Estate Investment

When you invest in a commercial property, you all hope that the property value will go up and the income will continue to increase. However, you also have to plan for the downturn too. There are ways to minimize your risks when you invest in a commercial property:

1. Choose a property with multiple tenants instead of single tenant. This will spread out the risk as you don?t put all eggs in one basket. When a tenant terminates a lease, you will potentially just lose a portion of the total income. It?s also easy to find a tenant looking for a small 1000 SF unit.

2. Choose a property with long term leases over month-to-month leases. Month to month tenants can move out with short notice when their businesses go down.
3. Avoid having most of the leases expire at the same time. That way in the worst case, you will not have to face with a scenario that the whole building is vacant.
4. Choose brand-name over no-brand tenants when you have a choice. Leases from brand-name companies like Walgreens, Subway, HR Block are sometimes guaranteed by the corporations. So when they have to shut down the store, the corporations will continue paying rents. According to statistics, brand name tenants are more likely to be in business next year than non-brand name tenants.
5. Ask for lease guarantee. When a tenant is a small corporation, ask the owner of the corporation back up the lease with his or her personal assets. This way you are more likely to get your rent paid during bad times.
6. Have a mixture of tenants with different businesses. For example, you don?t want to have 3 barbershops in a shopping center as they will compete against each other and take the other out of business. When the economy slows down, it may affect a certain industry. By having tenants with different businesses, you reduce the chance that the economy affects most of your tenants.
7. Request seller for rent guarantee. When you purchase a commercial property that is not 100% leased, ask the seller to provide a 12-month rent guarantee for vacant units. That way you have up to 12 months to look for tenants.
8. Invest in a stable and growing area instead of a declining area. Your tenants are more likely to do well and have money to pay you the rent.
9. Invest in an area with strong income. The median household income in the US is about $46,000 per year. So if the area has median household income of only $28,000 per year, it?s likely a rough area with lots of graffiti?s. This is a risky area to invest.
10. Choose triple-net leases over gross leases. Maintenance is something varies from year to year. On the triple-net lease, the tenant is responsible to reimburse you with all the expenses so your net income does not fluctuate.
11. Avoid property that has chemical. If you are an investor looking for a passive investment, you should avoid gas station. When there is a gas leak, the soil is contaminated. You won?t be able to sell the property as no lender will provide financing.

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Selling Commercial Real Estate By Maximizing Exposure

One of the hardest parts to selling commercial property is getting your property out on the market and seen by investors. Individuals and small business owners often find it hard to get the word out without spending enormous amounts of money. This article presents three ways to expose your property without shelling out lots of dough.

1) Put Up a Sign
Putting up a sign on your property is a good way to get local interest in your property. Many people are sometimes looking for property to move their businesses to but are not aware of the property around them and do not have the time to go looking. By placing a big visible sign on your property you can draw their attention and possibly get a lead. This technique is very effective if your property is located near a major road.

2) List Your Property Online For Free
There are many sites online that allow you to put your property online for free. One of the best free sites out there is CIMLS. This site allows you to list your property for free just by signing up for a free account. They have no restrictions on which listings can be searched as many of the other listing services have. Many times listing properties on these types of sites can get you exposure quickly without paying a dime. The sites also provide more marketing and advertising options for a little more money. Sometimes it is worth putting a little money into some ads if it means the difference between not having to pay a commission or not.

3) Put Your Property in Free Real Estate Publications
Many cities have free local publications that include real estate in the area. Contact all these types of publications and see if they allow you to add your property information for free. Since most are looking for free content to add to their publications they are usually willing to work with you.

If all else fails you may need to contact a broker and work with them to get your property sold. Many sites provide information on property brokers in different area. For example, CIMLS has a Find a Professional directory with lots of brokers throughout the United States.

Finally, don?t get discouraged! It can sometimes take quite a while to sell your property depending on the area. Continue to put your information out in publications and websites and keep on it.

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3345 sqft, 5 beds, 3 baths, single-family home in Gilbert, AZ - 85297

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Rebuilding commercial real estate in Rajarhat

WITH well-recognized commercial destinations including Park Street, Chowringhee Road and Camac Street, its time for the IT/ITes business sector to add to the growth of the City of Joy, Kolkata.

The realestate sector is going to be set up at Sector V and Rajarhat, while corporate office demand is more subdued in and around Park Street. However, the Park Street is not likely to loose its relevance but will accomplish signs of a prospective change.

Even rental values have appreciated rapidly due to large-scale commercial developments with Rs. 43 in Salt Lake and Rs. 45 in Dalhousie Square, which was once known as the bustling epicenter of English colonial and trade. However, the most surprising rise has come in the rentals of Park Street, where the values are believed to be 63% above last year.

With SEZs, IT Parks, hotels, retail malls and commercial complexes, Rajarhat has everything you would expect of a much larger place. At every step you take, you will feel the tremendous influence this location exerts. Undoubtedly, this well balanced approach adds to the possibility of commercial office demand shifting along with giving a boost to residential property requirements. Park Street remains the most happening place in the whole of Kolkata where substantial contrasts emerge. Perhaps, this is what going to help this place and its adjacent locations to come out as retail high street locations.

The government will also provide funding for the development of Rajarhat and is all set to invest in infrastructure and its accessibility. The prospects for a complete makeover of the city seem to be brightened. The fast flourishing city will soon have better road connectivity through the proposed outer ring road starting from Barasat Bypass in the north to National Highway 117 at Shirakol in the south.

As these changes take place, the banking and insurance sectors will continue to drive demand in the CBD. Drop in new stock as well as low vacancy rates will bring about a rise in rental and capital values.

About author

By Suraj Kumar Singh is an associated editor to the website http://www.indianground.com India Properties .Indian Ground is dedicated to explain all your related queries for buying residential properties with the latest news updates on commercial properties in Kolkata. Your feedback will be highly appreciated at “kumarsingh.suraj@gmail.com?.

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Surf Motel & Gardens, Ft. Bragg, CA

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Surf Motel & Gardens, Ft. Bragg, CA

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Commercial Real Estate To Make Solid Gains In 2006

In its most recent report released Jan 24, The National Association of Realtors anticipates “solid” gains in the US commercial real estate sector.

David Lereah, NAR’s chief economist said “Even with a lot of new construction around the country, we are seeing healthy levels of commercial real estate space being purchased, rented and occupied.

As a result, vacancies are declining across the board - this is improving the fundamentals for commercial real estate sectors into the foreseeable future.”

The report also sees rising concerns at the Fed that commercial real estate is being concentrated in some banks. According to Federal Reserve Governor, Susan Bies, The Fed is considering issuing “supervisory guidance” on risk-management to avoid commercial real estate exposure that was typical of previous economic downturns.

According to NAR’s latest forecast vacancy rates are generally declining across most of the 57 metropolitan areas examined. This means rents are stabilizing in all four commercial market sectors: office, retail, industrial and multifamily housing.

Employment increases in all sectors is what is driving the lower vacancy rates. According to the NAR, these rates are expected to fall to 14.1 percent by the fourth quarter of 2005 and to 12.2 percent in 2006. This is down from 15.4 percent in 2004. They project that office space rent will grow 4.4 percent for 2005 and 4.9 percent next year That is up significantly from 2004 when the increase was just 0.4 percent.

Their analysis of specific metro areas for investment singles out New York, Los Angeles, Washington, San Francisco and Chicago as good targets for commercial real estate investment.

In the industrial sector vacancies are projected to go down to 8.8 percent by the end of 2006 compared to 10.9 percent last year. Industrial rents, actually declined slightly in 2005, but are projected to increase 2.5 percent in 2006.

Retail space vacancy is predicted to hit 6.8 percent in the fourth quarter of 2005, down from 7.5 percent the previous year. Rents are expected to rise 3.2 percent in 2006 after a similar increase in 2005. Increases in 2004 were 3.3 percent.

**Some Local Commercial Real Estate hi-lites**

The St. Louis region had an all-time high of $1.2 billion in commercial real estate transactions in 2005. Local real estate experts predict it will be even higher in 2006 - perhaps as high as $1.4 billion.

A Colliers report found that industrial vacancy rates in the region were at a five-year low, and demand for office and retail space had fully recovered from the recession a few years ago.

Part of what is driving the real estate boom is that investors have moved from the stock market to commercial real estate. Many investors prefer commercial real estate because it is more transparent and provides a steady cash return as well as a reliable rate of appreciation.

In the Bradenton, Florida area (Manatee County) commercial real estate is also going strong. Local experts say commercial development follows residential, so given the rapid pace of residential development in most of Florida over the last few years, there is little likelihood that commercial development is going to slow down any time soon.

Development here as elsewhere is also dependent on interest rates, but in Florida the cyclical nature of real estate development is somewhat mitigated by the unique location and climate, as well as a shifting demographic pattern.

Lack of convenient parking, and traffic on main downtown streets, as well as a limited number of downtown development sites are the biggest challenges facing commercial real estate developers in this smaller Florida city.

In the Marina Del Rey area of Los Angeles about $1.5 billion in commercial and residential improvements are underway. The county is encouraging leaseholders to make improvements to boost visitors and increase county revenue.

So far two shopping centers have been renovated and the marina’s shops and restaurants, called Fisherman’s Village, will be completely renovated.

Approximately 1,600 apartments are being added, at the same time as reducing the number of boat slips at the 40-year-old marina.

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